King Luther Capital Management Corp Has $181.94 Million Position in The Procter & Gamble Company (NYSE:PG)

King Luther Capital Management Corp lowered its holdings in The Procter & Gamble Company (NYSE:PG) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,199,000 shares of the company’s stock after selling 14,289 shares during the quarter. King Luther Capital Management Corp owned about 0.05% of Procter & Gamble worth $181,936,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. GW&K Investment Management LLC acquired a new position in shares of Procter & Gamble during the first quarter valued at $28,000. Your Advocates Ltd. LLP increased its holdings in Procter & Gamble by 632.0% in the second quarter. Your Advocates Ltd. LLP now owns 183 shares of the company’s stock valued at $28,000 after purchasing an additional 158 shares during the last quarter. Ten Capital Wealth Advisors LLC increased its holdings in Procter & Gamble by 325.8% in the first quarter. Ten Capital Wealth Advisors LLC now owns 264 shares of the company’s stock valued at $39,000 after purchasing an additional 202 shares during the last quarter. Wunderlich Capital Managemnt bought a new stake in Procter & Gamble in the second quarter valued at about $40,000. Finally, Silicon Valley Capital Partners increased its holdings in Procter & Gamble by 51.3% in the first quarter. Silicon Valley Capital Partners now owns 283 shares of the company’s stock valued at $42,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 63.43% of the company’s stock.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO R. Alexandra Keith sold 1,413 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $144.97, for a total transaction of $204,842.61. Following the transaction, the chief executive officer now owns 26,306 shares in the company, valued at approximately $3,813,580.82. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Procter & Gamble news, CFO Andre Schulten sold 40,298 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $150.61, for a total transaction of $6,069,281.78. Following the transaction, the chief financial officer now owns 36,460 shares in the company, valued at approximately $5,491,240.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO R. Alexandra Keith sold 1,413 shares of Procter & Gamble stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $144.97, for a total value of $204,842.61. Following the completion of the transaction, the chief executive officer now owns 26,306 shares in the company, valued at approximately $3,813,580.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,088 shares of company stock worth $14,565,908. Company insiders own 0.17% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG traded down $0.56 during mid-day trading on Monday, reaching $150.51. The company’s stock had a trading volume of 570,657 shares, compared to its average volume of 6,199,425. The Procter & Gamble Company has a 1-year low of $135.83 and a 1-year high of $158.38. The stock has a market cap of $354.74 billion, a P/E ratio of 24.48, a PEG ratio of 3.16 and a beta of 0.47. The business has a 50-day simple moving average of $149.28 and a two-hundred day simple moving average of $150.65. The company has a current ratio of 0.67, a quick ratio of 0.48 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, October 18th. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.12. The company had revenue of $21.87 billion for the quarter, compared to analyst estimates of $21.58 billion. Procter & Gamble had a return on equity of 33.49% and a net margin of 18.30%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.57 earnings per share. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 6.42 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Friday, October 20th were paid a dividend of $0.9407 per share. The ex-dividend date was Thursday, October 19th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.50%. Procter & Gamble’s dividend payout ratio (DPR) is currently 61.04%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Jefferies Financial Group initiated coverage on Procter & Gamble in a report on Monday, November 13th. They issued a “buy” rating and a $177.00 price objective for the company. DZ Bank upgraded Procter & Gamble from a “sell” rating to a “hold” rating and set a $155.00 price target for the company in a report on Friday, October 20th. Barclays lowered their price target on Procter & Gamble from $166.00 to $154.00 and set an “overweight” rating for the company in a report on Thursday, October 12th. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $172.00 to $169.00 and set an “overweight” rating for the company in a report on Thursday, October 12th. Finally, Stifel Nicolaus lowered their price target on Procter & Gamble from $161.00 to $151.00 and set a “hold” rating for the company in a report on Monday, October 16th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.83.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.